Referred to the House Committee on Ways and Means.
Main Street Tax Certainty Act
Chamber: United States House of Representatives (The United States of America)
**Main Street Tax Certainty Act**
This bill makes permanent the qualified business income (QBI) tax deduction.
Under current law, individuals, estates, and trusts may deduct the lower of (1) 20% of QBI from a qualified business, qualified real estate investment trust dividends, and qualified publicly traded partnership income; or (2) 20% of taxable income less net capital gain. (Some limitations apply.)
However, under current law, the QBI tax deduction expires after December 31, 2025.
Sponsors
(21)
LSLloyd Smucker
Republican · Primary
MKMike Kelly
Republican · Primary
DLDarin LaHood
Republican · Primary
BVDBeth Van Duyne
Republican · Primary
VBVern Buchanan
Republican · Primary
CMCarol Miller
Republican · Primary
RFRandy Feenstra
Republican · Primary
GMGregory Murphy
Republican · Primary
PSPete Stauber
Republican · Primary
JJJohn Joyce
Republican · Primary
DCDan Crenshaw
Republican · Primary
DMDaniel Meuser
Republican · Primary
JEJake Ellzey
Republican · Primary
RWRandy Weber
Republican · Primary
MESMaria Elvira Salazar
Republican · Primary
ACAndrew Clyde
Republican · Primary
SFScott Fitzgerald
Republican · Primary
DRDavid Rouzer
Republican · Primary
KCKat Cammack
Republican · Primary
BFBrad Finstad
Republican · Primary
Legislative Votes
No votes have been held on this legislation yet.